Hapro’s shareholder meeting: In 2021, adding to business lines of real estate

Hapro’s shareholder meeting: In 2021, adding to business lines of real estate

(ĐTCK) On the morning of May 7, Hanoi Trading Corporation – Joint Stock Company (Hapro, stock code HTM – UPCoM) held its 2021 General Meeting of Shareholders to approve the profit distribution statement; Statement of amendments and supplements to the company’s business lines; Statement of amendment of the charter, internal regulations.

General Meeting of Shareholders has approved production and business plan targets in 2021 with expected revenue of 1,109 billion VND; export turnover reached 33.2 million USD; pre-tax profit was 38.45 billion dong.

In 2021, the Corporation will continue to develop and implement a plan to renovate commercial and retail business activities, implement system restructuring. Align image system and identify retail locations, pay attention to developing online business. At the same time, implementing solutions to create a breakthrough for the export business.

According to the separate financial statements, as at 31/12/2020, the total assets of the company are VND 3,002 billion. Revenue from goods sold and service provision reached VND 906 billion (equal to 91% of the plan), cost of goods sold accounted for VND 784 billion; gross profit reached 115 billion; Profit after tax reached 11.9 billion (equal to 122% of the plan).

Consolidation in 2020, revenue from selling goods and providing Hapro services reached 946 billion VND, gross profit reached 123 billion VND, profit after rent was negative 50 million VND.

In 2020, total assets and capital sources will decrease by 9.42% compared to the beginning of the year, corresponding to a decrease of 312.25 billion VND. In which, short-term receivables decreased by 168.8 billion dong; cash and cash equivalents decreased by 94.6 billion dong; investments decreased 57.8 billion.

In 2020, exports will be the main business segment of Hapro, but due to the impact of the Covid epidemic, export turnover will decrease and fail to reach the plan. The parent company’s export turnover reached US $ 25.21 million (equal to 84% of the plan) with 16,676 tons of goods, corresponding to nearly 948 containers. The main exports are cashew nuts, pepper, rice, coffee, and processed foods.

Due to not meeting the plan, the company did not pay dividend.

At the AGM, the Corporation also approved the proposal to add business lines: Architectural activities and related technical consultancy; housing construction; house construction not to live in.

Mr. Vu Thanh Son, General Director of the Company, said that the proposal to approve the addition of this new industry to prepare for the coming time, Hapro will be directly the investor of a number of projects.

Talking about some unfinished investment projects, Mr. Son said that the Truong Dinh Trade Center project, implemented by Hapro parent company, is expected to be completed by September 2021. Some projects of member companies such as project No. 26 Cao Thang implemented by Hanoi Food Joint Stock Company – HAF have been completed and put into operation, but facing difficulties due to the Covid epidemic; Bac Qua Commercial Center Project is owned by Bac Qua Trading and Service Joint Stock Company (HAF holds 53% of capital), the Corporation is directly involved and hopes to restart the project by the end of 2021.

Answering questions of shareholders about which projects the Corporation will deploy in the coming time, Mr. Son said, currently, the Corporation is waiting for the city ‘s written approval. “To be cautious, when there is a written approval, we will report to shareholders later”, Mr. Son said.

On the market, temporarily closing the morning session on May 7, HTM shares increased slightly by 0.8% to 12,700 dong / share.

Source: tinnhanhchungkhoan.vn – Translated by fintel.vn

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